District of Columbia Administrative Code

3507 EXECUTIVE DIRECTOR 3507.1 The Executive Director shall be the Chief Executive Officer of the Agency and shall have the powers and perform duties prescribed by the Board of Directors. 3507.2 The Executive Director shall be the Secretary to the Board of Directors and in that c…

3508 AMENDMENT OF BYLAWS 3508.1 The power to alter, amend, or repeal the provisions of §§ 3500 through 3899 of this chapter (the bylaws of the Agency), or to adopt new bylaws, not inconsistent with this law, is vested in the Board of Directors. 3508.2 The affirmative vote of thre…

3509 CONFLICT OF INTERESTS 3509.1 Any member, officer, or employee of the Agency who, either directly or indirectly, has an ownership or other financial interest in, or who is an officer or employee of, any firm or agency interested directly or indirectly in any transaction with …

3510 PROCEDURES FOR EVICTIONS AND PROTECTIONS FROM RETALIATORY ACTION 3510.1 Tenants of Housing Projects shall be protected from eviction as well as retaliatory action in accordance with Section 501 and Section 502 of the Rental Housing Act, effective July 17, 1985 (D.C. Law 6-10…

3511 CONDITIONS AND PROCEDURES FOR RELOCATION ASSISTANCE 3511.1 Tenants displaced from Housing Projects shall be given relocation assistance in accordance with 14 DCMR § 4401, as amended. SOURCE: Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Mun…

3512 [RESERVED] SOURCE: Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3512 AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March …

3513 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3513 AUTHORITY: DC-DCMR Section 30…

3514 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3514 AUTHORITY: DC-DCMR Section 30…

3515 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3515 AUTHORITY: DC-DCMR Section 30…

3516 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3516 AUTHORITY: DC-DCMR Section 30…

3517 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3517 AUTHORITY: DC-DCMR Section 30…

3599 DEFINITIONS 3599.1 When used in Chapters 35, 36 and 38 of this title, the following words and phrases shall have the meaning ascribed: Act - the District of Columbia Housing Finance Agency Act, effective March 3, 1979, as amended (D.C. Law 2-135; D.C. Official Code §§ 42-270…

3600 AGENCY HOUSING PROGRAM 3600.1 The Board may adopt an Agency housing program or programs which shall set forth, as Agency goals, the number, location, and other characteristics of housing units to be financed by the Agency, specifically those which the Agency desires to be oc…

3601 SCOPE OF AGENCY FINANCING AUTHORITY 3601.1 The agency shall be empowered to make or originate the following: Loans to sponsors for the acquisition, construction, equipping, rehabilitation, mezzanine financing, interim financing, or permanent financing of rental projects for …

3602 FUNDING OF AGENCY PROJECTS 3602.1 The undertakings of the Agency as provided in the Act or this chapter may be funded in whole or in part by the issuance of bonds, notes, or other obligations on whatever terms and conditions the Agency determines. 3602.2 In addition to proce…

3603 [RESERVED] AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

3604 [RESERVED] AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

3605 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3605 AUTHORITY: DC-DCMR Section 30…

3606 EQUAL OPPORTUNITY 3606.1 All Housing projects financed or otherwise assisted under the Act shall be open to all persons in accordance with applicable District and federal laws including, but not limited to, the Human Rights Act of 1977, effective December 13, 1977, as amende…

3607 [RESERVED] AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

3608 [RESERVED] AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

3609 [RESERVED] AUTHORITY: DC-DCMR Section 306 of the District of Columbia Housing Finance Agency Act of 1979, effective March 3, 1979, (D.C. Law 2-135; D.C. Official Code § 42-2703.06 (2012 Repl.)) (Act), and 10-B DCMR § 3508.1.

3610 LOANS: GENERAL 3610.1 The provisions of Chapters 36 shall implement the provisions of the District of Columbia Housing Finance Agency Act, effective March 3, 1979, as amended (D.C. Law 2-135, D.C. Official Code §§ 42-2701 et seq.) (the "Act"). 3610.2 Procedures, instructions…

3611 LOANS: FEDERALLY ASSISTED 3611.1 When housing financed by the District of Columbia Housing Finance Agency (the "Agency") loan is, in whole or in part, federally insured or otherwise directly or indirectly assisted by the federal government, the regulations of the federal gov…

3612 LOANS TO SPONSORS: RENTAL HOUSING 3612.1 As set forth in § 302 of the Act (D.C. Official Code § 42-2703.02(a)), the Agency may make or participate in making construction, permanent, mezzanine, and interim loan financing available to sponsors for the development of rental Hou…

3613 APPLICATIONS AND PROCESSING OF LOANS 3613.1 Specific instructions concerning applications for Agency predevelopment loans, permanent loans, construction loans, mezzanine loans, interim loans, or for other assistance, and the processing, evaluation, and approval of the applic…

3614 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3614 AUTHORITY: DC-DCMR Section 30…

3615 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3615 AUTHORITY: DC-DCMR Section 30…

3616 REGULATIONS OF HOUSING SPONSORS 3616.1 It shall be the policy of the Agency to ensure the operational stability of Housing projects to the greatest extent possible. To that end, the Agency's processing procedures, instructions, and guidelines may require the submission of an…

3617 COLLATERAL AND SECURITY 3617.1 The Executive Director may, from time to time, establish the type and amount of collateral or other security to be provided by borrowers necessary to ensure repayment of permanent loans, repayment of construction loans, or successful completion…

3618 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3618 AUTHORITY: DC-DCMR Section 30…

3619 FEES 3619.1 The Agency may charge reasonable fees for the processing and evaluation of applications. 3619.2 The Agency may charge fees or require letters of credit to cover other appropriate costs of the Agency, non-asset bonds, security deficiencies, and other costs, as det…

3700 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3700 AUTHORITY: DC-DCMR Section 30…

3701 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3701 AUTHORITY: DC-DCMR Section 30…

3702 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3702 AUTHORITY: DC-DCMR Section 30…

3703 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3703 AUTHORITY: DC-DCMR Section 30…

3704 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3704 AUTHORITY: DC-DCMR Section 30…

3705 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3705 AUTHORITY: DC-DCMR Section 30…

3706 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3706 AUTHORITY: DC-DCMR Section 30…

3707 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3707 AUTHORITY: DC-DCMR Section 30…

3799 [REPEALED] SOURCE: Final Rulemaking published at 28 DCR 4544, 4551 (October 23, 1981); as amended by Final Rulemaking published at 61 DCR 4156 (April 25, 2014). District of Columbia Municipal Regulations Planning and Development 10-B DCMR § 3799 AUTHORITY: DC-DCMR Section 30…

3800 GENERAL PROVISIONS 3800.1 The provisions of this chapter shall establish the procedures for the administration of the Program. 3800.2 In order to generate funds from private and public sources to increase the supply and lower the cost of funds available for residential Mortg…

3801 ELIGIBLE MORTGAGE LENDERS AND INVITATION TO RESERVE FUNDS 3801.1 The Agency may accept as participants in the Program those Approved Mortgage Lenders which have demonstrated to the Agency, among other things, that they have the ability to originate and service Mortgage loans…

3802 ALLOCATION OF FUNDS FOR SPECIAL PROGRAMS 3802.1 The Agency may from time to time, establish Special Programs on the basis of the following: (a) The availability of adequate funds; (b) The effect of the allocation on the marketability of the Agency's Bonds; (c) The requiremen…

3803 MORTGAGE LOAN TERMS 3803.1 Each Mortgage loan shall be secured by a Mortgage which constitutes a lien on the interest in the Single-family residency encumbered by the mortgage or on the leasehold interest in the Single-family residence having an unexpired term equal to or lo…

3804 ELIGIBLE SINGLE FAMILY RESIDENCES 3804.1 The Agency may finance single family residences located in the District which satisfy the applicable requirements of the Act , I.R.S. regulations, the Department of Housing and Urban Development or other laws, rules, regulations, Prog…

3805 DISTRIBUTION OF LENDABLE BOND PROCEEDS 3805.1 In order to comply with § 103 and § 141 through 150 of the Internal Revenue Code of 1986, as amended, and applicable I.R.S. regulations, and to carry out the policy for which the Agency was created, the Agency shall provide a mec…

3806 ELIGIBLE MORTGAGORS 3806.1 The Agency may purchase or originate Mortgage loans or Mortgage-backed securities made to eligible persons and families who satisfy the requirements of §103 and § 141 through 150 of the Internal Revenue Code of 1986, as amended, applicable I.R.S. r…

3807 PROGRAM FEES 3807.1 The Agency may charge and collect from an Approved Mortgage Lender a reasonable fee to participate in the Program and to cover the Agency's cost of administering the Program and certain other costs as the Agency determines are necessary to cover cash flow…

3808 LOAN PROCESSING AND PROGRAM DOCUMENTS 3808.1 Mortgage loans to be purchased under the Program shall be originated by Approved Mortgage Lenders and serviced by Approved Mortgage Lenders or a Master servicer. 3808.2 Each Approved Mortgage Lender shall originate all Mortgage lo…